Value-Added Tax and International Sales Tax Solutions
Value-Added Tax and International Sales Tax Solutions VAT & GST software as global as your business is
Global VAT & GST
Take your business across the globe with international sales tax software
A truly global set of international sales tax solutions
The need to expand globally has never been greater, more complex, or costly. With VAT rates averaging 20% or more, managing cost, dealing with local rules and language, and meeting new filing requirements requires country-specific expertise.
ONESOURCE Indirect Tax is the only true end-to-end global indirect tax management solution with the country-specific tax expertise that can handle both global VAT determination and VAT compliance functions. Our global VAT software does more than your ERP alone can do in ensuring your company’s tax liabilities are calculated accurately because our software delivers automated, on-time, monthly tax updates via our SSAE16 and ISAE402 certified global tax research processes. We also have the only patented tax determination engine process which further ensures the accuracy of your VAT calculations.
Explore Global VAT & GST solutions:
Automate, centralize and truly transform indirect tax determination functions into repeatable, predictable and reliable processes.
Integrate tax determination with your ERP systems and business specific financial applications.
Ensure timely, accurate and well-documented VAT returns.
Reconcile indirect tax data fast and accurately.
For many global corporations leveraging a combination of manual processes and/or their ERP application alone to handle VAT compliance, today is the day to consider a solution that was built from the ground up by tax professionals for tax professionals to address country-specific tax legislation. We provide an integration framework to extend our tax engine dialogue with both SAP and Oracle ERP applications. Our indirect tax integrations ensure that both the tax engine and ERP utilize a consistent set of data and makes working in your ERP or specific finance application a much more seamless and efficient process.
Transform VAT & GST determination and compliance
Thomson Reuters comprehensive, tax-content driven determination software supports rates and rules for over 15,800 jurisdictions and over 180 countries. Our international sales tax solutions enables you to consolidate global tax policy in one central location, regardless of the type and location of your financial systems. Centralizing tax policy decision-making truly transforms indirect tax determination functions into repeatable, predictable and reliable processes.
And when it comes time to file your returns, our VAT compliance software gives preparers expanded access and flexibility, greater accuracy, reduced risk, and improved filing efficiency. Our solution automates the VAT process for multinational companies filing in multiple jurisdictions, including preparing VAT returns, Intrastat declarations, and sales and purchase listings in countries with widely varying requirements and complexities.
Thomson Reuters has the most experience with global tax implementations in the industry. Many of our clients have already implemented our solution in multiple countries such as UK, China, Singapore, India, and Canada and emerging tax regimes of Mexico, Brazil and Poland.
Managing Indirect Tax Compliance Around the World
ONESOURCE Indirect Tax is the ONLY truly complete solution to handle sales and use tax, VAT, and GST research, determination, and compliance. Explore how this is done all on one reliable, secure technology platform. Click on the video to watch.
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